Playgon Games Commences Trading on OTCQB in the United States
Vancouver, B.C. - TheNewswire - November 5, 2020 - Playgon Games Inc. (TSXV:DEAL) (OTC:PLGNF) (Frankfurt:7CR) (“Playgon” or the “Company”) is pleased to announce that it commenced trading today on the OTCQB, a premium market operated by OTC Markets Group, under the trading symbol PLGNF.
Investors can find current financial disclosure and Real-Time Level 2 Quotes for the Company on www.otcmarkets.com
"We are delighted to begin trading on the OTCQB as it provides access to the US market to expand our shareholder base and to capital market funds for future financings.” states Darcy Krogh, CEO, Playgon Games. “The addition of our OTCQB listing is timely as the US market continues to open up for online gaming from a regulatory standpoint since the repeal of PASPA in 2018, which has generated enthusiastic investor excitement evidenced by recent investments in our industry both in digital Sports and Casino related businesses. We plan on taking advantage of this commercially.”
Recent industry update. Interactive Gross Gaming Revenue (“GGR”) has increased from 13%, as a percentage of global gross gaming revenue, pre-COVID to 18.6% currently and is expected to achieve 20% by YE 2020. This represents a GGR increase from $58.8B to $80B by YE 2021 for a 36% increase *
*Source: H2 Gaming Consultants.
About Playgon Games Inc.
Playgon Games Inc. (TSXV: DEAL / OTCQB: PLGNF / FSE: 7CR) is a technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports which through a seamless integration at the operator level allows customer access without having to share or compromise any sensitive customer data. As a true business to business digital content provider, the Company products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.
For further information, please visit the Company's website at www.playgon.com.
Mike Marrandino, Director
Tel: (604) 722-5225
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2019 and Management Discussion and Analysis for the year ended December 31, 2020 and other filings with Canadian securities regulators (www.sedar.com).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.